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Saudi Arabia: Gulf rail project in design stage

Dammam: Work is under way to complete the Gulf rail project, which is currently in the design stage, said Minister of Transport and Chairman of the Board of the Saudi Ports Authority Abdullah Al-Moqbil.

GCC ministers of transport are closely following up on developments of the project and are working to eliminate any obstacles to the project which is designed to serve the inhabitants of the region, he said.

Saudi Arabia: Asian oil demand strong, Saudi ready to supply more: Naimi

Petroleum and Mineral Resources Minister Ali Al-Naimi.Singapore: Oil demand in Asia is strong and Saudi Arabia is ready to supply any more crude needed, Petroleum and Mineral Resources Minister Ali Al-Naimi said during a visit to China, as the Kingdom aims to maintain its market share.

Petroleum and Mineral Resources Minister Ali Al-Naimi had told officials in Beijing the Kingdom was ready to supply China with additional oil if required, SPA reported.

On Tuesday, he reiterated that message and said while a roughly 50 percent drop in global oil prices since June last year had

Saudi Arabia: The kingdom to boost the handicraft sector

Social Affairs Minister Majed Al-Qassabi and Prince Sultan bin Salman, president of the Saudi Commission for Tourism and Antiquities, with officials after signing the agreement to develop the handicraft industry. (AN photo)

The Ministry of Social Affairs and the Saudi Commission for Tourism and Antiquities (SCTA) has signed an agreement to boost the handicraft sector. 

The National Handicraft Program, known as Bari, is also involved in the initiative to raise

Saudi Arabia: Umrah in ramadan 2015 with 100 K Capacity

The expansion of the mataf, or circumambulation area around the Kaaba, will be ready this Ramadan, with a capacity for 100,000 worshippers an hour.

This was confirmed on Friday by Sultan Al-Qurashi, director of project management at the Presidency for the Affairs of the Two Holy Mosques, according to a report in Aleqtesadiah.

The completed work would also include the third phase of the project such as the floors of the basement, ground and first floor. Some areas on the north side of the Grand Mosque would also be completed including squares, praying areas and toilets.

“We are currently working on utility buildings, which include government offices, the operations room, the headquarters of the security authorities, health department, Red Crescent, Civil Defense, and other related offices. About 95 percent of such buildings have been completed,” Al-Qurashi said.

Saudi Arabia: One of the largest producers of petrochemicals

KSA JEDDAH: MUSHTAQ AHMED & TAZEEM ANWAR

JEDDAH: Saudi Arabia with a production capacity of around 87 million tons per annum continued to maintain its leading position as one of the largest producers of petrochemicals.

But lower crude prices’ negative impact on the petrochemical prices was likely to remain in force by the end of first quarter-2015.

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